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Brazilian state-controlled oil giant Petrobras said it planned to adopt a new fuel-pricing system this year that would feature automatic adjustments, allowing the company to produce better fi continue reading »

Fluids from a terminal operated by state-controlled oil giant Petrobras have reached several beaches in Sao Paulo state, forcing authorities to close off the area, Brazilian officials said. continue reading »

Brazilian state-controlled oil company Petrobras, which is striving to boost daily domestic crude and natural gas output to 3.4 million barrels of oil equivalent per day by 2017, said it plans to earmark 62 percent of its investments over the next five years to exploration and production. continue reading »

Petrobras Argentina, the Argentine unit of Brazilian oil giant Petrobras, said it was selling two companies that together have a 48.5 percent stake in the holding company that controls electric utility Edesur. continue reading »

Brazilian state-controlled oil company Petrobras has taken legal action to suspend a court order barring U.S. oil supermajor Chevron Corp. and drilling contractor Transocean from operating in the South American country because of an oil spill. continue reading »

Colombian oil company Ecopetrol overtook Brazilian energy firm Petrobras earlier this week to become Latin America's largest public company by market value, according to a study by Sao Paulo-based consultancy Economatica. continue reading »